Steel Dynamics Reports Fourth Quarter and Annual 2019 Results
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Steel Dynamics (STLD) Tops Q4 EPS by 7c
January 23, 2020 6:23 AM ESTSteel Dynamics (NASDAQ: STLD) reported Q4 EPS of $0.62, $0.07 better than the analyst estimate of $0.55. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.34 billion.
Outlook:
"Based on domestic steel demand fundamentals, we are constructive regarding North American steel market dynamics," said Millett. "We believe North American steel consumption will experience modest growth and will be supported by further steel import reductions and the end of steel inventory destocking. We believe recent and... More
